Things we’re reading today include … Customer data access and fintech entry: early evidence from open banking | Bank of England Letters: The Bank of England is losing credibility under Governor Andrew Bailey (telegraph.co.uk) Bank of America pays CEO Brian Moynihan $29m, down 3% (fnlondon.com) Iraq bans 8 local banks from US dollar transactions |…
This week’s main blog discussions include … How digitalisation is changing lending I was recently having a chat with my old friend Slava Solodkiy about the way in which digitalisation is changing lending. He then surprised me by summarising our discussion and allowing me to share it here! Here’s his write-up: How digitalisation is changing…
Things we’re reading today include: $112 million stolen from founder of Ripple cryptocurrency platform (therecord.media) My first boss: Jaidev Janardana, Zopa Bank CEO (yahoo.com) ‘Circular economy’ fintech Twig closes after raising £32m (uktech.news) Why one San Fran fintech snubbed Nasdaq for the London Stock Exchange (cityam.com) How Lithuania became a fintech hub in Europe –…
Things we’re reading today include: How HSBC became the world’s most accident-prone bank (telegraph.co.uk) Shares plunge for saviour of failed Signature Bank (ft.com) How bots and short sellers brought down First Republic Bank | Daily Mail Online Augmentum CEO Tim Levene: ‘A lot of Fintech AI is a bubble’ (citywire.com) UBS-backed fintech Fnality eyes US…
Things we’re reading today include … More than a third of Britons now have a current account with digital-only bank | This is Money Why is fintech failing boomers? | Sifted The fintech boss who received 20,000 applications for five jobs: “It’s sad” (efinancialcareers.com) HSBC fined £57.4m for customer deposit protection failings – BBC News…
Things we’re reading today include … Challenger bank bunq reports first full-year profit, plans UK relaunch – Tech.eu “I stopped coding to manage developers in a bank and now I can’t find a job” (efinancialcareers.com) Lloyds to end mobile banking van service – BBC News Chinese fintech giant Ant Group expands overseas payment service Alipay+…
Things we’re reading today include … Bank locks customer’s account after donation to UNRWA – SKWAWKBOX JPMorgan vs Goldman: How Jamie Dimon’s bank gains from the confidence factor (ft.com) Chime was once valued at $25 billion. What is it worth now? (yahoo.com) Chinese fintech giant Ant Group sets up AI unit led by former Google…
This week’s main blog discussions include … Old bank fears of regulators is opening massive new markets to their challengers I’ve just been through a very strange process with my main personal bank account provider who, thanks to fear of FCA and crypto, noticed that I had regular payments in and out of my account…
Things we’re reading today include … U.K. to start work on ‘Britcoin’ in preparation for cryptocurrency dominated world | Morningstar Bank of England lays out how Britons can ‘pay the electrician’ using cashless digital pounds (gbnews.com) Bruised by stock market, Chinese rush into banned bitcoin | Reuters UK neobanks need to show sterling qualities, not…
Things we’re reading today include … Colorado pastor says ‘Lord told us’ to pocket $1.3m in alleged crypto fraud scheme | Sky News Bank branch closures to leave 3 million without access to cash (gbnews.com) Bank of America orders workers back to office in remote working crackdown (telegraph.co.uk) Record number of bank customers ditched and…
